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Dec 31, 2019
SouthState Q4 2019 Earnings Report
SouthState reported Q4 2019 results, with net income of $1.45 per diluted common share.
Key Takeaways
South State Corporation reported a net income of $1.45 per diluted common share for Q4 2019, compared to $1.35 per diluted common share for Q4 2018. The company's total assets were $15.9 billion, an increase of $1.2 billion from December 31, 2018.
Net income was $1.45 per diluted common share for the three months ended December 31, 2019.
Adjusted net income (non-GAAP) totaled $1.48 per diluted share for the three months ended December 31, 2019.
Total assets reached $15.9 billion, an 8.5% increase year-over-year.
The Board of Directors voted to increase the common stock dividend by $0.01 to $0.47 per share.